Echo Park — The owner of a chain of vintage stores, including one on Sunset Boulevard in Echo Park, has pleaded guilty for failing to report $3.7 million in income to the I.R.S., said the U.S. Attorney’s Office.
Jose Martin Andrade Flores, owner of American Superior Used Clothing, did not tell his tax preparer of cash sales and deposits into foreign bank accounts that were made on behalf of his company from 2012 to 2016, according to prosecutors.
American Superior purchased used clothing and would sell it wholesale worldwide and locally at the Rose Bowl swap meets, sidewalk locations in East Los Angeles and retail stores on Melrose Boulevard, Hollywood, Echo Park and Pasadena. The store in Echo Park — AS American Vintage — operates at 1707 Sunset Blvd, said U.S. Attorney spokesman Thom Mrozek.
Flores, a 53-year-old resident of Downey, specifically pleaded guilty to filing a false corporate income tax return form in 2013. As part of this case, Flores agreed to pay all back taxes, interest and penalties
Flores, who is scheduled to be sentenced Dec. 3, faces a maximum sentence of three years in federal prison.
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